Tesla, Toyota Teaming Up To Build EVs in California and Reopen NUMMI

Tesla has been getting plenty of support from major automakers
recently. First Daimler grabbed a 10% stake in the auto startup last
year, and now Tesla and Toyota have revealed that they are teaming up
in California to work on electric vehicles, parts, production systems
and engineering support. As part of the deal, Toyota will buy $50
million of Tesla's common stock once the company's initial public offering is complete. Tesla is also purchasing New United Motor
Manufacturing Inc. (NUMMI)...